Preferred dividends   Acura Labs Inc. has an outstanding issue of preferred stock with a par value of ​$6060 and an 2020​% annual dividend. a.  What is the annual dollar​ dividend? If it is paid​ quarterly, how much will be paid each​ quarter?   b.  If the preferred stock is noncumulative and the board of directors has passed the preferred dividend for the last 44 ​quarters, how much must be paid to preferred stockholders in the current quarter before dividends are paid to common​ stockholders? c.  If the preferred stock is cumulative and the board of directors has passed the preferred dividend for the last 44 ​quarters, how much must be paid to preferred stockholders in the current quarter before dividends are paid to common​ stockholders?

Calculate the titration of 25.0 ml of 0.110M pyridine C5H5N(aq) with 0.110M HBr before the additiom of any Hbr, after the additiion of 12.5 mL of Hbr, after the addition of 23 mL of Hbr after the adddition of 25 mL of Hbr and after the addition of 33 mL of Hbr

Windsor Timber Inc., a small private company that follows ASPE, owns 9,500 hectares of timberland purchased in 2007 at a cost of $1,200 per hectare. At the time of purchase, the land without the timber was valued at $400 per hectare. In 2008, Windsor built fire lanes and roads, with a physical life of 30 years, at a cost of $84,000 and separately capitalized these costs. Every year, Windsor sprays to prevent disease at a cost of $5,000 per year and spends $14,000 to maintain the fire lanes and roads. During 2009, Windsor selectively logged and sold 400,000 cubic metres of the estimated 2.00 million cubic metres of timber. In 2010, Windsor planted new seedlings to replace the cut trees at a cost of $160,000.

Determine the depletion charge and the portion of depletion included in the cost of timber sold in 2010.

Provide the journal entries to record the depletion charged to inventory (and subsequently to cost of goods sold) for the year. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round depletion rate to 2 decimal places, e.g. 15.75 and final answer to 0 decimal places, e.g. 1,525.)

Windsor has not logged since 2009. Assume that Windsor logged 900,000 cubic metres of timber in 2020, of which 60% was sold in 2020 and the remainder sold in 2021. The timber cruiser (the appraiser) had estimated a total resource of 8 million cubic metres. Determine the cost of timber sold that relates to the depletion for 2020 and 2021.

Provide the journal entries to account for the cost of timber produced in 2020 and subsequently sold in 2020 and 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Do not round intermediate calculations. Round answers to 0 decimal places, e.g. 5,125.)

Prepare the necessary journal entry to show how Windsor would account for the maintenance costs of the fire lanes and roads and the spraying of the timberland. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Innovation Delivery Express Ltd (IDEL) leases trucks which it uses to deliver goods throughout Australia. IDEL has not yet adopted AASB 16 Leases. It classifies its leases as operating leases under AASB 117, which means it does not recognise lease assets and associated liabilities. The draft financial statements for the year ended 31 December apply AASB 117 and contain the following items:

All items are in $M
Truck Rent expense                       300
Profit before interest and tax           300
Interest expense                             100
Profit before tax                              200             

Total liabilities                                600
Total assets                                 1200

The accountant for IDEL is considering adopting AASB 16 Leases in the 2019 financial statements. She has estimated that the Truck rental expense would be replaced by depreciation expense of $160M and interest expense would increase by $170M. Also, IDEL would recognise a right of use asset of $800M and lease liability of $800M in its financial statements at the end of 2019.

The management of IDEL receive a bonus equal to 1% of before tax profit, provided a performance hurdle of 15% before tax return on investment is achieved.

The liabilities reported by IDEL include debentures payable with a debt covenant that restricts leverage to a maximum of 60% of total assets.

Required

Please label your responses.

a) Using information presented in the draft financial statements, calculate the following items BEFORE the application of AASB 16:

i) the interest coverage (EBIT/Interest expense)

ii) the before tax return on investment (profit before tax/total assets at the end of the year)

iii) the leverage ratio (total liabilities/total assets)

b) The amount of profit before tax and interest for 2019 of IDEL adopts AASB 16. (1 mark)

c) Calculate the following items if IDEL adopts AASB 16 in its 2019 financial statements:

i) the interest coverage (EBIT/Interest expense)

ii) the before tax return on investment (profit before tax/total assets at the end of the year)

iii) the leverage ratio (total liabilities/total assets)

d) According to agency theory, would the management of IDEL prefer to adopt AASB 16 Leases in its 2019 financial statements. Give reasons for your answer, drawing on the facts of the case and your analyses in parts a), b) and c) to support your answer. (8 marks

Minden Company manufactures a high-quality wooden birdhouse that sells for $25
per unit. Variable costs are $12 per unit, and fixed costs total $210,000. The
company sold 30,000 birdhouses to customers during 2020. The president of
Minden Company believes the following changes should be made in 2021:

1. the selling price of the birdhouse should be reduced by 20%

2. increase advertising by $33,000

Assume these changes are made. Calculate the number of units Minden Company
must sell in 2021 in order to earn a net income that is 40% larger than the
net income earned in 2020.

I'm sorry for posting this, I just wanted to make sure I got the right answer before I posted this homework. Kind of tricked me up a little.

The following figures have been extracted from statement of comprehensive income of Rochester (Pty) LTD for the year ended 31 December 2019 Sales R 3600 000 Cost of sale R 2160 000 Operation expenses R 864 000 Interest expenses 72 000 Company tax ( 30% of profit before tax 151 200 Net profit 352 800 Additional information 1 . The sales forecast for the year ended 31 December 2020 is 4 000 000 2. Rochester has identified cost of sales, operating expenses and interest expenses as varying in production to sales Required Prepare the pro- for a statement of comprehensive income for the year ended 31 December 2020 using the percentage of sales method .

Blue Jays Ltd. reported the following balances at January 1, 2020:

During the year, Blue Jays performed the following:

1. Cumulative effect of change from straight-line to accelerated depreciation resulted in a reduction to retained earnings of $35,000, before tax;
2. Issued common shares for a proceed of $37,000;
3. Retired 40% of preferred shares outstanding;
4. Earned net income of $310,000 and;
5. Generated other comprehensive income of $64,000;
6. Declared total dividend of $124,000

   Instructions

   Prepare a statement of shareholders’ equity in proper format for Blue Jays Ltd. for the year ended December 31, 2020.

1. What are the strengths and weaknesses of mercantilism and liberalism? Which would be more efficient in addressing global economic issues?

2. What are the reasons states impose protectionists policies on other countries?

3. What are the advantages and disadvantages of state ownership of the economy and private ownership?

4. How important is a stable international monetary system to cooperation among countries trade relations? Why would this be considered a collective good?

5. What are the factors that multinational corporations consider when making foreign direct investments?

Use a hypothetical balance sheet to explain why a single commercial bank is able to safely lend an amount equal to its holdings of excess reserves. Further, explain why the banking system can in effect create ‘new reserves’ in an amount that is some multiple of the initial level of excess reserves. What makes this possible and what role does the so-called ‘money multiplier’ play in this analysis? Lastly, if the reserve requirement regulation was abolished, what impact would this have on individual and collective bank money creation?

Nexus Company is considering an investment project that generates a cash flow of $1,800 next year if the economy is favorable but generates only $700 if the economy is unfavorable. The probability of favorable economy taking place is 50% and unfavorable economy is 50%. The project will last only one year and be closed after that. The cost of investment is $1,200 and Nexus plans to finance the project with $400 of equity and $800 of debt. Assuming the discount rates of both equity and debt are 0%. What is the expected cash flow to Nexusâ s creditors if the company invests in the project? $0 $950 $500 $750 $800